Credit Union

For decades, an important financial institution for many working families was the neighborhood credit union. Serving as both a depository and a loan office, the credit union provided a means of saving for retirement, a college education or a rainy day, as well as, loans for a home, new car or dream vacation.

Today, credit unions are either federally chartered or chartered by their individual state governments.

Proactive supervision and examinations ensure that the Credit Union Section maintains a credible and responsive regulatory environment to assure the safety and soundness of credit unions for the benefit of all credit union members within the State of Illinois.

For updates to the Illinois Act or Rules & Regulations please click here: IDFPR Acts & Rules

CAMEL-S Rating System Announcement For Illinois Credit Unions

NCUA Online Call Report Resources (Call Reports, Cycle Due Dates, Online Help)
NCUA Regulatory Reporting Resources
Designation for Automated Clearinghouse Payment of Regulatory Fees (ACH)

Instructions – Annual Report of Directors and Committee Members
Annual Report of Directors and Committee Members
Oath of Directors Signature page
Request for Certificate of Good Standing
Reports and Fee Schedule for Credit Unions

NCUA Secure Transfer Portal Instructions
How To Create A .ZIP File
Remote Examination PowerPoint Presentation
Questions and Answers From The Presentation

Audit & Account Verification Requirements as of 8-1-18 (Word)
SupervisoryAuditReport - Internal (PDF)
Supervisory Audit Report - Internal (Excel)
Account Verification Summary (Excel)
Internal Audit Work Papers (PDF)
General Standards for CPA Audits (PDF)
Sample Cover Letter (Word)

Starting an Illinois Credit Union
Articles of Incorporation / Application for Chartering
Out of State Registration - Instructions and Application
Changes in Field of Membership or Location Form

Credit Union Act
Credit Union Rules & Regulations
Standard Bylaws - updated 2017

Forms & Instructions to Expedite a Bylaw Amendment
Quick Tips to Board, Committee & Misc. Requirements